Allegiant Air
#482
Banned
Joined: Dec 2009
Posts: 3,655
Likes: 0
From: Narrow/Left Wide/Right
#483
A Look At Allegiant Travel After Q3 Earnings - Allegiant Travel Company (NASDAQ:ALGT) | Seeking Alpha
Conclusion
Allegiant is a unique airline, and with so few routes that have any competition, it will not face the same retaliatory pressures that are currently facing Spirit from the major carriers. This, along with its dedication to keeping its cost structure low and its CEO's heavy investment in the airline, makes it a strong buy in my opinion. I would wait however to see how labor negotiations with the pilots play out, and wait for a long-term contract to be signed before buying into or adding to this stock.
Conclusion
Allegiant is a unique airline, and with so few routes that have any competition, it will not face the same retaliatory pressures that are currently facing Spirit from the major carriers. This, along with its dedication to keeping its cost structure low and its CEO's heavy investment in the airline, makes it a strong buy in my opinion. I would wait however to see how labor negotiations with the pilots play out, and wait for a long-term contract to be signed before buying into or adding to this stock.
#484
Line Holder
Joined: Sep 2006
Posts: 928
Likes: 2
The COO's letter seems to indicate that G4 pilots are now closer to being put "on ice" than released.
I'd submit that if there is no status quo for the company to violate, same goes for the pilots. I wonder if any action is being considered?
I'd submit that if there is no status quo for the company to violate, same goes for the pilots. I wonder if any action is being considered?
#485
Line Holder
Joined: Mar 2015
Posts: 27
Likes: 0
From SH's letter:
"Instead, their (IBT's) goal is to force a change to Allegiant's business model and, in the process, hurt the company economically".
Can anyone remind us how much revenue and profit has G4 made during the last 4/8/12 quarters? Greed is a powerful poison.
"Instead, their (IBT's) goal is to force a change to Allegiant's business model and, in the process, hurt the company economically".
Can anyone remind us how much revenue and profit has G4 made during the last 4/8/12 quarters? Greed is a powerful poison.
#486
Sure is comical to follow the "He said, She said" back-&-forth between Union calls & emails, & 'Mav-Mail!'
God Bless our NC/SPC for having the fortitude to consistently sit across from these folks & their F&H minders!! Almost time to release the flying monkeys!!
God Bless our NC/SPC for having the fortitude to consistently sit across from these folks & their F&H minders!! Almost time to release the flying monkeys!!
#488
Gets Weekends Off
Joined: Aug 2015
Posts: 136
Likes: 0
FAA needs to implement the same medicine given to the training department just a few short years ago, when they shut it down completely.
#489
Banned
Joined: Oct 2014
Posts: 2,137
Likes: 0
Sun Country Pilots Ratify New Five-Year Contract
ALPA pilots at Minneapolis-based Sun Country Airlines have overwhelmingly ratified a new five-year contract. SCA's 250 pilots voted 87 percent to 13 percent to approve the tentative agreement, with 94 percent of eligible pilots casting ballots. Pilots will see immediate pay raises of 20 percent to 30 percent in year one of the deal, and a total of 21.5 percent in across-the-board raises spread out over the remaining four years. The contract also includes higher company retirement contributions and improved work rules. The SCA group entered negotiations in 2010, when the airline was still in bankruptcy.
"During five years of negotiations and federal mediation, we prevailed against all odds to protect our existing contract from concessions during bankruptcy. With strong support from ALPA and unbroken solidarity from our pilots, we have now achieved impressive pay raises that will finally lift us up to economic respectability with our peers at similar airlines," said SCA MEC chairman Capt. Brian Roseen.
The MEC and Negotiating Committee will join Sun Country owner Marty Davis and other executives for a contract signing ceremony in Minneapolis tomorrow afternoon. The new CBA takes effect Nov. 1.
ALPA pilots at Minneapolis-based Sun Country Airlines have overwhelmingly ratified a new five-year contract. SCA's 250 pilots voted 87 percent to 13 percent to approve the tentative agreement, with 94 percent of eligible pilots casting ballots. Pilots will see immediate pay raises of 20 percent to 30 percent in year one of the deal, and a total of 21.5 percent in across-the-board raises spread out over the remaining four years. The contract also includes higher company retirement contributions and improved work rules. The SCA group entered negotiations in 2010, when the airline was still in bankruptcy.
"During five years of negotiations and federal mediation, we prevailed against all odds to protect our existing contract from concessions during bankruptcy. With strong support from ALPA and unbroken solidarity from our pilots, we have now achieved impressive pay raises that will finally lift us up to economic respectability with our peers at similar airlines," said SCA MEC chairman Capt. Brian Roseen.
The MEC and Negotiating Committee will join Sun Country owner Marty Davis and other executives for a contract signing ceremony in Minneapolis tomorrow afternoon. The new CBA takes effect Nov. 1.
Thread
Thread Starter
Forum
Replies
Last Post



